Inflation eased to 2.5% in February
Greece’s consumer price index fell to 2.5% in February on an annual basis, with prices easing slightly compared to January, according to data released on Monday by the Hellenic Statistical Authority (ELSTAT).
Figures showed that the national inflation rate – slightly different from the European Union-harmonized rate published by Eurostat – fell from 2.7% in January and from 2.9% in February 2024.
On a monthly basis, the Greek CPI actually declined by 0.1%, the same data showed.
ELSTAT reported that energy and tourism-related costs surged last month, with the former driven by colder-than-usual weather in February 2025 compared to February 2024, and the latter linked to the extended tourism season.
Natural gas prices spiked by an extraordinary 41.1% year-on-year.
Statistics also revealed a 17.5% increase in hotel rates, a 10.8% rise in air transport fares, and an 8.5% uptick in package holiday prices compared to February 2024.
Additionally, residential rents saw a 9.9% average increase, health insurance premiums rose by 7%, electricity costs climbed 6.7%, and clothing and footwear prices were up 6.4%.
On the other hand, olive oil prices dropped by 16.9% on an annual basis, while other edible oils rose by 11%. Prices for audiovisual equipment also fell by 10.6%.
Kathimerini
